Forbes Media Chair Steve Forbes warned Monday on Newsmax that New York Gov. Kathy Hochul’s endorsement of socialist Democrat Zohran Mamdani in New York City’s mayoral race underscores how deeply the Democratic Party has fallen under the sway of its far-left flank.

“It shows the power of the party, even though it’s a minority within. The party controls the party,” Forbes told “Rob Schmitt Tonight.” He pointed to figures such as Sen. Chris Van Hollen, D-Md., who he said have echoed support for Mamdani as evidence that “they’re all capitulating.”

Forbes argued that the Democrat establishment no longer focuses on national well-being but rather on “control and power.” He called Mamdani’s platform of higher taxes, defunding police, and sweeping wage hikes disastrous for America’s largest city.

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